LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 13.52 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 13.03 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 13.52 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

13.52 – 13.37 – 13.26 – 13.05 – 13.08 – 13.03 — 41.516927886588 – 37.701978626657 — 33.841862954516 – 21.806944328544 – 38.919257053099 – 31.775789459342

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Double top chart pattern – –